The federal government has collected $2.8 trillion in taxes over the 11 months of the fiscal year 2015, almost $200 billion than the year before. This means $19,346 for every working American. Yet Washington has overspent by $530 billion. Most of the money – $1.379 trillion – came into the Treasury from individual income taxes.
That notorious time of the year is upon us again; the income tax deadline. It is an affected date because the tax system tells it is so. The torment and extortion of organized theft goes on all year long, but April 15 has a special place in the gut of every victim of larceny by
The announcement that Federal government’s tax-take hits all-time high as the federal government collected a record amount of taxes in fiscal year 2014, topping $3 trillion in revenue for the first time in its history, has the tax man taking a bigger bite than ever. Yet, the take that the collection bureau seems un-phased from all their
You have to admit it sounds crazy. The normal rule is that the IRS can audit for three years, so you can usually go back three years to amend your return or claim a credit you forgot. What if you never had any income or never filed a return? Just wait. Since an illegal immigrant under President
With “tax season” upon us we speak with independent researcher and US income tax historian Pete Hendrickson on this week’s Real Politik. Mr. Hendrickson is the only American citizen who has received a full refund of all income, Medicare and Social Security taxes withheld throughout his working life. He argues that over the past 75
By: Lily Dane | The Daily Sheeple – By now, most of us have learned not to expect too much from the Internal Rip-off Service IRS. The agency is certainly not known for its efficiency or accuracy, and has shown us time and again what kind of bewildering incompetence it is capable of. But sometimes even
The IRS is considering its own temporary shutdown due to recent budget cuts enacted by Congress, its chief said Thursday. IRS Commissioner John Koskinen said furloughs — forced unpaid days off for employees as part of an IRS closure — is one idea reluctantly being tossed about to save money, though they are hoping they
The names Catherine Engelbrecht and Reggie B. Walton may not exactly be household names, but both are part of a disturbing court ruling that can only be described as a reprehensible government protection racket in plain sight for all to see. Ms. Engelbrecht was the plaintiff and Reggie B. Walton the judge. A succinct summary
By: Kit Daniels, Infowars – More proof of criminal wrongdoing by IRS … The Internal Revenue Service destroyed former director Lois Lerner’s Blackberry, which contained the same e-mails as her hard drive the agency wiped, even though a Congressional inquiry into the IRS’s harassment of Tea Party groups was well underway. The IRS never made any attempt
By: Mac Slavo, www.SHTFplan.com – For weeks the IRS and Obama Administration told the American people a carefully crafted narrative regarding the whereabouts of emails containing information surrounding the targeting of specific groups and individuals based on their political party. The Obama administration vehemently denied that such targeting had taken place or that they had any
Ways and Means investigators made the discoveries after talking with IT professionals. Investigators for a House committee learned yesterday that ex-Internal Revenue Service official Lois Lerner’s hard drive was merely ‘scratched’ and data was not ‘unrecoverable,’ as previously claimed by the IRS. The House Ways and Means Committee also said it is now uncertain
The Foreign Account Tax Compliance Act, is the latest government effort to eliminate financial privacy from the international banking system. Already provisioned within the law are reporting requirements and penalties, so the intent of this regulation requisite, seems more intent on closing down foreign bank relations for American citizens. FATCA targets tax non-compliance by U.S.
At the Capitol Hill IRS targeting investigation, Rep. Paul Ryan tells IRS commissioner, “No one believes you”. Youtube
On Friday, the IRS told Congress that they cannot locate many of the emails to and from Lois Lerner, a key figure in the Tea Party targeting scandal. From the AP: The IRS said Lois Lerner’s computer crashed in 2011, wiping out an untold number of emails that were being sought by congressional investigators. The
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The House Oversight and Government Reform Committee has voted 21-12 to find former IRS official Lois Lerner in contempt of Congress. Here are the details, as reported by Fox News: The contempt measure would next head to the House floor. House Speaker John Boehner predicted earlier this week that unless Lerner agrees to cooperate, the